Burlington Stores Files Q3 10-Q with Financial Updates
Ticker: BURL · Form: 10-Q · Filed: 2024-11-26T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, debt, sec-filing
Related Tickers: BURL
TL;DR
BURL 10-Q filed: Financials updated, debt details, stock activity shown. Check it out.
AI Summary
Burlington Stores, Inc. filed its 10-Q for the period ending November 2, 2024. The filing details financial performance and operational updates. Key financial information, including debt obligations and stock activity, is presented within the report.
Why It Matters
This filing provides investors with a detailed look at Burlington's financial health and operational status as of Q3 2024, impacting investment decisions.
Risk Assessment
Risk Level: medium — 10-Q filings are standard disclosures, but the specific financial details within can reveal risks or opportunities.
Key Numbers
- 2.25% — Convertible Senior Notes Interest Rate (Interest rate on specific debt due April 15, 2025.)
- 2025-04-15 — Convertible Senior Notes Maturity Date (Maturity date for the 2.25% Convertible Senior Notes.)
- 2031-09-24 — Long-Term Debt Maturity (Maturity date for certain long-term debt obligations.)
Key Players & Entities
- Burlington Stores, Inc. (company) — Filer of the 10-Q
- 0000950170-24-131050 (other) — Accession Number for the filing
- 20241102 (date) — Conformed Period of Report
- 001-36107 (other) — SEC File Number
- 2024-02-04 (date) — Date related to Treasury Stock activity
- 2024-05-04 (date) — Date related to Treasury Stock activity
FAQ
What is the reporting period for this 10-Q filing?
The conformed period of report is November 2, 2024.
What is the company's SEC file number?
The SEC file number for Burlington Stores, Inc. is 001-36107.
When are the 2.25% Convertible Senior Notes due?
The 2.25% Convertible Senior Notes are due on April 15, 2025.
What is the company's fiscal year end?
Burlington Stores, Inc.'s fiscal year ends on February 1 (0201).
What is the accession number for this filing?
The accession number for this 10-Q filing is 0000950170-24-131050.
From the Filing
0000950170-24-131050.txt : 20241126 0000950170-24-131050.hdr.sgml : 20241126 20241126161839 ACCESSION NUMBER: 0000950170-24-131050 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 78 CONFORMED PERIOD OF REPORT: 20241102 FILED AS OF DATE: 20241126 DATE AS OF CHANGE: 20241126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Burlington Stores, Inc. CENTRAL INDEX KEY: 0001579298 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-DEPARTMENT STORES [5311] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 800895227 STATE OF INCORPORATION: DE FISCAL YEAR END: 0201 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-36107 FILM NUMBER: 241504097 BUSINESS ADDRESS: STREET 1: 1830 ROUTE 130 NORTH CITY: BURLINGTON STATE: NJ ZIP: 08016 BUSINESS PHONE: 6093877800 MAIL ADDRESS: STREET 1: 1830 ROUTE 130 NORTH CITY: BURLINGTON STATE: NJ ZIP: 08016 FORMER COMPANY: FORMER CONFORMED NAME: Burlington Holdings, Inc. DATE OF NAME CHANGE: 20130613 10-Q 1 burl-20241102.htm 10-Q 10-Q --02-01 Q3 false 0001579298 http://fasb.org/us-gaap/2024#ProductMember http://fasb.org/us-gaap/2024#ProductMember http://fasb.org/us-gaap/2024#ProductMember http://fasb.org/us-gaap/2024#ProductMember http://www.burlingtoncoatfactory.com/20241102#LongTermDebtAndCapitalLeaseObligationsCurrentAndNoncurrent http://fasb.org/us-gaap/2024#LongTermDebtAndCapitalLeaseObligationsCurrent http://fasb.org/us-gaap/2024#LongTermDebtAndCapitalLeaseObligations September 24, 2031 September 24, 2031 September 24, 2031 http://www.burlingtoncoatfactory.com/20241102#LongTermDebtAndCapitalLeaseObligationsCurrentAndNoncurrent http://www.burlingtoncoatfactory.com/20241102#LongTermDebtAndCapitalLeaseObligationsCurrentAndNoncurrent http://www.burlingtoncoatfactory.com/20241102#LongTermDebtAndCapitalLeaseObligationsCurrentAndNoncurrent 0001579298 burl:ConvertibleSeniorNotesTwoPointTwoFivePercentageDueAprilFifteenTwoThousandTwentyFiveMember 2024-02-04 2024-11-02 0001579298 us-gaap:TreasuryStockCommonMember 2024-02-04 2024-05-04 0001579298 burl:AmendmentToTermLoanFacilityMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2024-09-24 2024-09-24 0001579298 burl:SeniorSecuredTermLoanFacilitiesMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2024-02-04 2024-11-02 0001579298 burl:NonVestedRestrictedStockUnitsMember 2024-02-04 2024-11-02 0001579298 burl:TermLoanFacilityMember 2024-02-03 0001579298 burl:ConvertibleSeniorNotesMember 2023-10-28 0001579298 2024-08-03 0001579298 us-gaap:AdditionalPaidInCapitalMember 2023-01-28 0001579298 us-gaap:RetainedEarningsMember 2024-02-04 2024-05-04 0001579298 us-gaap:RetainedEarningsMember 2023-07-30 2023-10-28 0001579298 burl:ConvertibleSeniorNotesTwoPointTwoFivePercentageDueAprilFifteenTwoThousandTwentyFiveMember 2024-11-02 0001579298 us-gaap:RestrictedStockUnitsRSUMember 2024-08-04 2024-11-02 0001579298 burl:TermLoanFacilityMember 2024-11-02 0001579298 2024-02-03 0001579298 burl:ConvertibleSeniorNotesMember 2020-04-16 0001579298 us-gaap:PerformanceSharesMember 2024-02-04 2024-11-02 0001579298 burl:ConvertibleSeniorNotesMember 2023-04-29 0001579298 burl:AssetImpairmentMember 2023-07-30 2023-10-28 0001579298 burl:AssetImpairmentMember 2023-01-29 2023-10-28 0001579298 us-gaap:CommonStockMember 2023-04-30 2023-07-29 0001579298 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-07-29 0001579298 us-gaap:RetainedEarningsMember 2023-04-29 0001579298 us-gaap:FairValueInputsLevel1Member 2024-11-02 0001579298 us-gaap:CommonStockMember 2024-05-05 2024-08-03 0001579298 us-gaap:DesignatedAsHedgingInstrumentMember 2024-02-04 2024-11-02 0001579298 us-gaap:RetainedEarningsMember 2024-08-03 0001579298 us-gaap:LetterOfCreditMember burl:ABLSeniorSecuredRevolvingFacilityMember srt:MaximumMember 2024-11-02 0001579298 us-gaap:LetterOfCreditMember burl:ABLSeniorSecuredRevolvingFacilityMember srt:MaximumMember 2023-10-28 0001579298 us-gaap:TreasuryStockCommonMember 2024-11-02 0001579298 burl:ConvertibleSeniorNotesTwoPointTwoFi